Tag: Regulation
Campaign urges reform of section 172 to promote ‘purpose of the company’
John Lewis, Innocent and the Institute of Directors are backing the Better Business Act campaign to make purpose central to section 172.
AGM season will see focus on reporting, remuneration and communication
While not exactly back to business as usual, companies are likely to feel investor pressure on a range of non-Covid topics in 2021.
Controversy as US moves towards mandatory ESG disclosures
After the SEC’s acting chair indicated the US could introduce mandatory ESG disclosures, experts are laying out the arguments against it.
Climate reporting requires ‘shift in approach’ to reflect TCFD principles
Study reveals just 154 UK firms made any reference to the Task Force on Climate-related Financial Disclosures (TCFD) in their 2020 reporting.
Audit and assurance policies: innovative ideas for change
Trusted corporate information is vital as firms and stakeholders assess the impact of both climate change and Covid-19 on business strategies.
UK stewardship code ‘has not changed the nature of investor engagement’
Academic says the revised code requires “mandatory legal or regulatory impositions” if it is to remain relevant.
Dual-class shares come a step closer in the UK as Lord Hill issues review
The report recommends pushing ahead with dual-class shares on the London Stock Exchange, with a consultation on the proposals to follow.
Norges Bank rejects idea of standards for board sustainability skills
“Prescriptive requirements for directors’ ESG expertise will be difficult to implement and may impede board formation,” warns the investor.
Reforms impose new responsibilities on directors for financial reporting
Government recommendations on audit reform, set to be published next week, will hold directors responsible for failures in financial reporting.
Dual-class shares: “Solutions exist to mitigate the governance risk”
Academic says existing governance measures could offset the risks of boosting the voting rights of some share owners over others.